You will most likely spend thousands more to not see a dime even if you win a judgment in court.

This is where you have an opportunity to fill a niche through your education, because the same knowledge that you will later use to recognize a good investment opportunity for yourself, you will be able to use to find deals for clients.I remember trying to explain to realtors what I want – this was not a winning strategy.

Shaine, that sounds like an excellent deal.

Kyle Hipp's advice for 15 year loans is excellent.

The appraisal institute courses are usually high quality but also a pretty expensive.I am reading Marty Boardman's book about flipping houses and it is an excellent overview of the process.

The loan would cover closing cost, 6 months pre-pay and sweat equity/cosmetics on the property.The person who does the loan will earn 12% for 12-18 months on the $50,000 which is secured by the Real Estate.I think I set up a win-win scenario, any feedback would be appreciated.

I have been pretty serious for about 1 year. 3 offers i made in the last year on SF properties didn't win because other offers were higher.

Because the financing is coming from us personally and not through the LLC this is a crack in the veil of the corporation.We are finding it much harder to find commercial financing since this is our first property and we do not have a track record of success.We both have excellent credit and a good amount of cash on hand.

Respectable Hard money lenders like yourself (and others who posted in this thread) are helping us do that so its a win-win for everyone involved.

@Brittney Taylor Forgive me for piling on, but @Kyle J. and @Joshua Dorkin have given you excellent -- and critically important -- advice.